Wheat prices softened by 0.12 per cent to Rs 1,697 per quintal in futures trading today as speculators reduced exposure, triggered by ample stocks positions at spot markets.
At the National Commodity and Derivatives Exchange, wheat for delivery in September shed Rs 2, or 0.12 per cent, to Rs 1,697 per quintal with an open interest of 2,260 lots.
However, wheat for delivery in August held steady at Rs 1,675 per quintal in 20,750 lots.
Analysts said cutting down of positions by traders amid sufficient stocks position on increased supplies from producing belts in the physical market mainly weighed on wheat prices at futures trade.
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